Offshore
Video
Emily
This is just an example of what you can do with Grok Imagine 0.9 update. https://t.co/FMDfxkmG9P
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This is just an example of what you can do with Grok Imagine 0.9 update. https://t.co/FMDfxkmG9P
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Offshore
Video
Umesh
Image to video prompt : The shot locks onto the white bed beneath the broad green tree. We start circling, low and tight, skimming linen ridges and leaf shadows. The orbit widens and then the camera surges upward, accelerating hard while staying centered on the bed and canopy. The platform flattens to a bright tile, the crown to a dark green coin. We keep rising, faster: ripples stretch into racing lines, wind frets the surface into glossy facets. Higher still, our spiral straightens into a vertical climb, the tile shrinks to a pinpoint and the blue resolves into structured shorelines. It’s not open water but a vast reservoir; concrete lips trace its perimeter. The frame keeps rocketing back. A long bridge sweeps across one end, traffic flickering like beads. Terraced hills shoulder the water, cut by switchbacks and stands of trees. Out beyond, the city assembles, grids, towers, neighborhoods folding around valleys. We hold until the entire reservoir is a tiny speck, bridge and hills and city spread in full view.
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Image to video prompt : The shot locks onto the white bed beneath the broad green tree. We start circling, low and tight, skimming linen ridges and leaf shadows. The orbit widens and then the camera surges upward, accelerating hard while staying centered on the bed and canopy. The platform flattens to a bright tile, the crown to a dark green coin. We keep rising, faster: ripples stretch into racing lines, wind frets the surface into glossy facets. Higher still, our spiral straightens into a vertical climb, the tile shrinks to a pinpoint and the blue resolves into structured shorelines. It’s not open water but a vast reservoir; concrete lips trace its perimeter. The frame keeps rocketing back. A long bridge sweeps across one end, traffic flickering like beads. Terraced hills shoulder the water, cut by switchbacks and stands of trees. Out beyond, the city assembles, grids, towers, neighborhoods folding around valleys. We hold until the entire reservoir is a tiny speck, bridge and hills and city spread in full view.
tweet
Offshore
Photo
ToffCap
RT @LuxOpesResearch: New one out, discussing 👇👇
🇩🇪 thyssenkrupp $TKA
🇬🇧 Shell Plc $SHEL
🇫🇷 Kaufman & Broad $KOF
🇩🇪 BASF $BAS
🇨🇭 Rieter Holding $RIEN
🇬🇧 Unilever PLC $ULVR
🇪🇸 Acciona $ANA
🇫🇷 LDC $LOUP
🇬🇧Diageo $DGE
🇫🇷 Pernod Ricard $RI
🇫🇷 Remy Cointreau $RCO
🇫🇷 Valneva $VLA
🇩🇪 Redcare Pharmacy $RDC
🇦🇹 OMV $OMV
As much requested, we've added a table with financial KPIs to the publication.
tweet
RT @LuxOpesResearch: New one out, discussing 👇👇
🇩🇪 thyssenkrupp $TKA
🇬🇧 Shell Plc $SHEL
🇫🇷 Kaufman & Broad $KOF
🇩🇪 BASF $BAS
🇨🇭 Rieter Holding $RIEN
🇬🇧 Unilever PLC $ULVR
🇪🇸 Acciona $ANA
🇫🇷 LDC $LOUP
🇬🇧Diageo $DGE
🇫🇷 Pernod Ricard $RI
🇫🇷 Remy Cointreau $RCO
🇫🇷 Valneva $VLA
🇩🇪 Redcare Pharmacy $RDC
🇦🇹 OMV $OMV
As much requested, we've added a table with financial KPIs to the publication.
tweet
Offshore
Photo
Emily
Google Gemini 2.5 Nano banana
{
"style": "High-key studio portrait, direct flash aesthetic, East Asian social media style (e.g., Ulzzang, Douyin), stylized beauty retouching.",
"output": {
"color_profile": "sRGB",
"render_intent": "photo"
},
"subject": {
"category": "human",
"gender_presentation": "female",
"ethnicity": "East Asian (e.g., Korean, Chinese)",
"age_bracket": "young_adult",
"body": {
"build": "slim",
"proportions": "natural human anatomy",
"posture": "relaxed on sofa, seated casually",
"pose": "seated, legs crossed and tucked close to body",
"gesture": "Right hand raised, fingers loosely curled, back of fingers/knuckles gently supporting the chin and lower cheek.",
"head_tilt_deg": 5
},
"face": {
"expression": "Playful, alluring",
"gaze": "right eye direct to camera",
"eye_action": "winking with the left eye",
"skin_tone": "Very pale porcelain (lightened aesthetic)",
"makeup": "Stylized K-Beauty/Douyin look: flawless matte base, strong pink blush high on cheeks, pink gradient lips, defined brows, light eyeliner, emphasized Aegyo-sal",
"features": "small beauty mark/mole under the left eye"
},
"hair": {
"length": "long",
"style": "messy high updo/bun with loose strands and curtain bangs",
"color": "dark brown"
},
"wardrobe": {
"top": "white fitted cropped camisole",
"outerwear": "light gray zip hoodie, worn open and slightly slipping off both shoulders",
"bottom": "white lounge shorts with drawstring",
"footwear": "barefoot"
}
},
"environment": {
"location": "studio or minimalist interior",
"set": "black leather sofa against a plain white or light gray wall",
"props": "Silver laptop (Apple MacBook, logo visible) placed on the cushion to the subject's right (camera left)"
},
"lighting": {
"key": {
"source": "strobe/flash",
"modifier": "Bare reflector or direct flash (hard source)",
"position": "Near camera axis, slightly camera-right and above eye line",
"effect": "Crisp, dark, well-defined cast shadows on the wall directly behind subject; strong specular highlights on skin and sofa leather."
},
"fill": {
"type": "minimal/none"
},
"ambient": "suppressed",
"white_balance_K": 5800
},
"camera": {
"system": "Digital Camera",
"sensor": "full-frame equivalent",
"lens": {
"type": "prime",
"focal_length_mm": 50
},
"exposure": {
"iso": 100,
"aperture_f": 4.0,
"metering": "Bright exposure, high-key aesthetic"
},
"focus": {
"target": "near eye (right eye)",
"depth_of_field": "moderate"
},
"framing": {
"orientation": "vertical",
"crop": "mid-thigh to head with room above hair",
"angle": "eye-level",
"composition": "subject centrally framed"
}
},
"color_grade": {
"look": "Bright, clean, slightly cool tone",
"contrast": "High contrast",
"saturation": "moderate, emphasized pinks"
},
"postprocess": {
"noise_reduction": "high",
"texture": "Highly smoothed skin, poreless appearance ('porcelain doll' or 'beauty filter' effect)",
"sharpen": "selective on eyes/lashes",
"blemish_control": "Complete removal of all blemishes and texture."
},
"quality_targets": [
"accurate limb lengths and joint angles",
"correct finger count and articulation",
"realistic fabric tension and folds",
"accurate winking expression"
],
"negative_prompt": [
"no altered or exaggerated body proportions",
"no extra or fused fingers",
"no realistic skin texture, pores, or blemishes",
"no text or watermarks (excluding specified logos)",
"no extreme wide-angle distortion",
"no NSFW content",
"no dark/moody lighting",
"no warm tones"
]
} tweet
Google Gemini 2.5 Nano banana
{
"style": "High-key studio portrait, direct flash aesthetic, East Asian social media style (e.g., Ulzzang, Douyin), stylized beauty retouching.",
"output": {
"color_profile": "sRGB",
"render_intent": "photo"
},
"subject": {
"category": "human",
"gender_presentation": "female",
"ethnicity": "East Asian (e.g., Korean, Chinese)",
"age_bracket": "young_adult",
"body": {
"build": "slim",
"proportions": "natural human anatomy",
"posture": "relaxed on sofa, seated casually",
"pose": "seated, legs crossed and tucked close to body",
"gesture": "Right hand raised, fingers loosely curled, back of fingers/knuckles gently supporting the chin and lower cheek.",
"head_tilt_deg": 5
},
"face": {
"expression": "Playful, alluring",
"gaze": "right eye direct to camera",
"eye_action": "winking with the left eye",
"skin_tone": "Very pale porcelain (lightened aesthetic)",
"makeup": "Stylized K-Beauty/Douyin look: flawless matte base, strong pink blush high on cheeks, pink gradient lips, defined brows, light eyeliner, emphasized Aegyo-sal",
"features": "small beauty mark/mole under the left eye"
},
"hair": {
"length": "long",
"style": "messy high updo/bun with loose strands and curtain bangs",
"color": "dark brown"
},
"wardrobe": {
"top": "white fitted cropped camisole",
"outerwear": "light gray zip hoodie, worn open and slightly slipping off both shoulders",
"bottom": "white lounge shorts with drawstring",
"footwear": "barefoot"
}
},
"environment": {
"location": "studio or minimalist interior",
"set": "black leather sofa against a plain white or light gray wall",
"props": "Silver laptop (Apple MacBook, logo visible) placed on the cushion to the subject's right (camera left)"
},
"lighting": {
"key": {
"source": "strobe/flash",
"modifier": "Bare reflector or direct flash (hard source)",
"position": "Near camera axis, slightly camera-right and above eye line",
"effect": "Crisp, dark, well-defined cast shadows on the wall directly behind subject; strong specular highlights on skin and sofa leather."
},
"fill": {
"type": "minimal/none"
},
"ambient": "suppressed",
"white_balance_K": 5800
},
"camera": {
"system": "Digital Camera",
"sensor": "full-frame equivalent",
"lens": {
"type": "prime",
"focal_length_mm": 50
},
"exposure": {
"iso": 100,
"aperture_f": 4.0,
"metering": "Bright exposure, high-key aesthetic"
},
"focus": {
"target": "near eye (right eye)",
"depth_of_field": "moderate"
},
"framing": {
"orientation": "vertical",
"crop": "mid-thigh to head with room above hair",
"angle": "eye-level",
"composition": "subject centrally framed"
}
},
"color_grade": {
"look": "Bright, clean, slightly cool tone",
"contrast": "High contrast",
"saturation": "moderate, emphasized pinks"
},
"postprocess": {
"noise_reduction": "high",
"texture": "Highly smoothed skin, poreless appearance ('porcelain doll' or 'beauty filter' effect)",
"sharpen": "selective on eyes/lashes",
"blemish_control": "Complete removal of all blemishes and texture."
},
"quality_targets": [
"accurate limb lengths and joint angles",
"correct finger count and articulation",
"realistic fabric tension and folds",
"accurate winking expression"
],
"negative_prompt": [
"no altered or exaggerated body proportions",
"no extra or fused fingers",
"no realistic skin texture, pores, or blemishes",
"no text or watermarks (excluding specified logos)",
"no extreme wide-angle distortion",
"no NSFW content",
"no dark/moody lighting",
"no warm tones"
]
} tweet
Offshore
Photo
Dimitry Nakhla | Babylon Capital®
A quality valuation analysis on $GOOG 🧘🏽♂️
•NTM P/E Ratio: 25.21x
•10-Year Mean: 23.36x
•NTM FCF Yield: 2.47%
•10-Year Mean: 4.19%
As you can see, $GOOG appears to be trading slightly below fair value on an earnings basis (FCF Yield not best metric due to ongoing heavy CapEx)
Going forward, investors can receive ~7% LESS in earnings per share & ~41% LESS in FCF per share 🧠***
Before we get into valuation, let’s take a look at why $GOOG is a great business
BALANCE SHEET✅
•Cash & Short-Term Inv: $95.15B
•Long-Term Debt: $23.61B
$GOOG has a strong balance sheet, an AA+ S&P Credit Rating & 332x FFO Interest Coverage
RETURN ON CAPITAL✅
•2020: 16.2%
•2021: 27.6%
•2022: 26.1%
•2023: 26.9%
•2024: 32.3%
•LTM: 30.4%
RETURN ON EQUITY✅
•2020: 19.0%
•2021: 32.1%
•2022: 23.6%
•2023: 27.4%
•2024: 32.9%
•LTM: 34.8%
$GOOG has strong return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2015: $74.99B
•2025E: $394.24B
•CAGR: 18.16%
FREE CASH FLOW✅
•2015: $16.62B
•2025E: $67.08B
•CAGR: 14.97%
NORMALIZED EPS✅
•2015: $1.16
•2025E: $9.94
•CAGR: 23.96%
SHARE BUYBACKS✅
•2018 Shares Outstanding: 14.07B
•LTM Shares Outstanding: 12.31B
By reducing its shares outstanding ~12.5%, $GOOG increased its EPS by ~14.3% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 58.9%
•LTM Operating Margins: 33.2%
•LTM Net Income Margins: 31.1%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~7% LESS in EPS & ~41% LESS in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $GOOG has to grow earnings at a 12.61% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2025 - 2028 EPS growth over the next few years to be slightly more than the (12.61%) required growth rate:
2025E: $9.94 (23% YoY) *FY Dec
2026E: $10.67 (7% YoY)
2027E: $12.10 (14% YoY)
2028E: $14.24 (17% YoY)
$GOOG has an excellent track record of meeting analyst estimates ~2 years out, buy let’s assume $GOOG ends 2028 with $14.24 in EPS & see its CAGR potential assuming different multiples
26x P/E: $370.24💵 … ~13.3% CAGR
25x P/E: $356.00💵 … ~11.9% CAGR
24x P/E: $341.76💵 … ~10.5% CAGR
23x P/E: $327.52💵 … ~9.1% CAGR
22x P/E: $313.28💵 … ~7.6% CAGR
As you can see, $GOOG appears to have attractive return potential IF we assume >25x earnings (a multiple above its 5-year & 10-year mean, though a multiple justified by its growth rate & moat)
While it’s certainly fair for $GOOG to trade at a higher multiple (26x - 28x), I wouldn’t want to rely on multiple expansion for added return potential
Today at $249💵 $GOOG appears to be a fair consideration for investment, without much margin of safety
I consider $GOOG a strong consideration closer to $210, or ~21x NTM where I could reasonably expect 13% CAGR assuming 22x
Between cloud ☁️ , AI 🤖 , quantum computing ⚛️, $GOOG has a strong growth runway ahead, with the potential for continued margin expansion serving as an additional tailwind
$GOOGL
___
DISCLOSURE‼️: This is NOT Investment Advice. Babylon Capital® and its representatives may have positions in the securities discussed in this post.
The information contained in this post is intended for informational purposes only and should not be construed as investment advice to meet the specific needs of any individual or situation. Past performance is no guarantee of future results.
Information contained in this post has been obtained from sources believed to be reliable, but is not guaranteed as to completeness or accuracy.
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A quality valuation analysis on $GOOG 🧘🏽♂️
•NTM P/E Ratio: 25.21x
•10-Year Mean: 23.36x
•NTM FCF Yield: 2.47%
•10-Year Mean: 4.19%
As you can see, $GOOG appears to be trading slightly below fair value on an earnings basis (FCF Yield not best metric due to ongoing heavy CapEx)
Going forward, investors can receive ~7% LESS in earnings per share & ~41% LESS in FCF per share 🧠***
Before we get into valuation, let’s take a look at why $GOOG is a great business
BALANCE SHEET✅
•Cash & Short-Term Inv: $95.15B
•Long-Term Debt: $23.61B
$GOOG has a strong balance sheet, an AA+ S&P Credit Rating & 332x FFO Interest Coverage
RETURN ON CAPITAL✅
•2020: 16.2%
•2021: 27.6%
•2022: 26.1%
•2023: 26.9%
•2024: 32.3%
•LTM: 30.4%
RETURN ON EQUITY✅
•2020: 19.0%
•2021: 32.1%
•2022: 23.6%
•2023: 27.4%
•2024: 32.9%
•LTM: 34.8%
$GOOG has strong return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2015: $74.99B
•2025E: $394.24B
•CAGR: 18.16%
FREE CASH FLOW✅
•2015: $16.62B
•2025E: $67.08B
•CAGR: 14.97%
NORMALIZED EPS✅
•2015: $1.16
•2025E: $9.94
•CAGR: 23.96%
SHARE BUYBACKS✅
•2018 Shares Outstanding: 14.07B
•LTM Shares Outstanding: 12.31B
By reducing its shares outstanding ~12.5%, $GOOG increased its EPS by ~14.3% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 58.9%
•LTM Operating Margins: 33.2%
•LTM Net Income Margins: 31.1%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~7% LESS in EPS & ~41% LESS in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $GOOG has to grow earnings at a 12.61% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2025 - 2028 EPS growth over the next few years to be slightly more than the (12.61%) required growth rate:
2025E: $9.94 (23% YoY) *FY Dec
2026E: $10.67 (7% YoY)
2027E: $12.10 (14% YoY)
2028E: $14.24 (17% YoY)
$GOOG has an excellent track record of meeting analyst estimates ~2 years out, buy let’s assume $GOOG ends 2028 with $14.24 in EPS & see its CAGR potential assuming different multiples
26x P/E: $370.24💵 … ~13.3% CAGR
25x P/E: $356.00💵 … ~11.9% CAGR
24x P/E: $341.76💵 … ~10.5% CAGR
23x P/E: $327.52💵 … ~9.1% CAGR
22x P/E: $313.28💵 … ~7.6% CAGR
As you can see, $GOOG appears to have attractive return potential IF we assume >25x earnings (a multiple above its 5-year & 10-year mean, though a multiple justified by its growth rate & moat)
While it’s certainly fair for $GOOG to trade at a higher multiple (26x - 28x), I wouldn’t want to rely on multiple expansion for added return potential
Today at $249💵 $GOOG appears to be a fair consideration for investment, without much margin of safety
I consider $GOOG a strong consideration closer to $210, or ~21x NTM where I could reasonably expect 13% CAGR assuming 22x
Between cloud ☁️ , AI 🤖 , quantum computing ⚛️, $GOOG has a strong growth runway ahead, with the potential for continued margin expansion serving as an additional tailwind
$GOOGL
___
DISCLOSURE‼️: This is NOT Investment Advice. Babylon Capital® and its representatives may have positions in the securities discussed in this post.
The information contained in this post is intended for informational purposes only and should not be construed as investment advice to meet the specific needs of any individual or situation. Past performance is no guarantee of future results.
Information contained in this post has been obtained from sources believed to be reliable, but is not guaranteed as to completeness or accuracy.
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